Short Interest in Invesco International Dividend Achievers ETF (NASDAQ:PID) Drops By 90.7%

Invesco International Dividend Achievers ETF (NASDAQ:PIDGet Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 16,359 shares, a decline of 90.7% from the April 15th total of 175,010 shares. Based on an average daily volume of 207,258 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Invesco International Dividend Achievers ETF Stock Performance

Shares of NASDAQ:PID traded up $0.05 on Monday, hitting $22.85. 25,730 shares of the company were exchanged, compared to its average volume of 102,664. The company’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $22.39. Invesco International Dividend Achievers ETF has a one year low of $19.70 and a one year high of $23.76. The firm has a market capitalization of $914.91 million, a price-to-earnings ratio of 15.28 and a beta of 0.70.

Invesco International Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.1976 dividend. This represents a $0.79 annualized dividend and a yield of 3.5%. This is a boost from Invesco International Dividend Achievers ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PID. Equitable Holdings Inc. raised its position in Invesco International Dividend Achievers ETF by 43.9% in the fourth quarter. Equitable Holdings Inc. now owns 727,943 shares of the company’s stock worth $16,015,000 after purchasing an additional 222,002 shares in the last quarter. Citadel Advisors LLC raised its position in Invesco International Dividend Achievers ETF by 1,039.1% in the third quarter. Citadel Advisors LLC now owns 180,090 shares of the company’s stock worth $3,830,000 after purchasing an additional 164,280 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Invesco International Dividend Achievers ETF by 11.7% during the third quarter. Jones Financial Companies Lllp now owns 616,547 shares of the company’s stock worth $13,071,000 after buying an additional 64,674 shares during the last quarter. Wells Fargo & Company MN grew its stake in Invesco International Dividend Achievers ETF by 2.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,650,734 shares of the company’s stock worth $36,316,000 after buying an additional 41,871 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Invesco International Dividend Achievers ETF by 4.4% during the second quarter. Bank of America Corp DE now owns 909,313 shares of the company’s stock worth $18,641,000 after buying an additional 38,000 shares during the last quarter. Institutional investors and hedge funds own 46.28% of the company’s stock.

About Invesco International Dividend Achievers ETF

(Get Free Report)

The Invesco International Dividend Achievers ETF (PID) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a dividend-yield-weighted index of foreign securities with high dividend growth. PID was launched on Sep 15, 2005 and is managed by Invesco.

Further Reading

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